Business owners may feel that the prospect of selling is like planning their own funeral. So unless you’re akin to Mark Twain’s Tom Sawyer character who witnessed his own “funeral,” you may not be so eager to view it. At some level most owners fear or dread planning so much that they don’t want to go anywhere near reflecting on what they consider their future demise.
Let’s learn from one financial planner who lived to tell about the sale of his business to his employees. Not only did he live, but he’s thriving today. He not only planned his own (business) funeral but his decision spawned a happy (more…)
The following post Transition Option: The Pros & Cons of an Internal Sale is courtesy of http://abadvisors.com
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